Security Hills: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Security Hills
Largest movements
- Cash -€40,587
down €40,587 (-89.6%), from €45,320 to €4,733
mainly Net result for the year (-€30,496) and Receivables within one year (-€13,509)
- Receivables within one year +€13,509
up €13,509 (+129.9%), from €10,399 to €23,909
of which Other amounts receivable: +€6,975
- Tangible fixed assets -€13,082
down €13,082 (-19.6%), from €66,794 to €53,712
of which Furniture and vehicles: -€7,395
- Current investments +€2,855
up €2,855 (+13.6%), from €21,000 to €23,855
- Profit (loss) carried forward -€30,496
new in 2025: -€30,496
- Debts after one year -€5,145
down €5,145 (-74.5%), from €6,910 to €1,765
- Tax, wage and social debts -€4,533
down €4,533 (-37.7%), from €12,021 to €7,488
of which Taxes: -€4,533
- Gross operating margin -€57,822
down €57,822, from €42,567 to -€15,256
- Taxes -€8,117
down €8,117 (-98.3%), from €8,257 to €139
- Financial income +€3,252
up €3,252 (+699.7%), from €465 to €3,716
- Depreciation +€1,263
up €1,263 (+9.1%), from €13,917 to €15,180
- Financial charges +€1,029
up €1,029 (+61.2%), from €1,682 to €2,711
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,381 | €107,128 | -€37,253 | -25.8% |
| Fixed assets | 21/28 | €66,794 | €53,712 | -€13,082 | -19.6% |
| Tangible fixed assets | 22/27 | €66,794 | €53,712 | -€13,082 | -19.6% |
| Land and buildings | 22 | €19,062 | €16,906 | -€2,156 | -11.3% |
| Plant, machinery and equipment | 23 | €18,810 | €15,279 | -€3,531 | -18.8% |
| Furniture and vehicles | 24 | €28,922 | €21,527 | -€7,395 | -25.6% |
| Current assets | 29/58 | €77,587 | €53,416 | -€24,171 | -31.2% |
| Amounts receivable within one year | 40/41 | €10,399 | €23,909 | +€13,509 | +129.9% |
| Trade receivables | 40 | €8,712 | €15,246 | +€6,534 | +75.0% |
| Other amounts receivable | 41 | €1,687 | €8,663 | +€6,975 | +413.4% |
| Current investments | 50/53 | €21,000 | €23,855 | +€2,855 | +13.6% |
| Cash at bank and in hand | 54/58 | €45,320 | €4,733 | -€40,587 | -89.6% |
| Deferred charges and accrued income | 490/1 | €868 | €920 | +€52 | +6.0% |
| Total equity and liabilities | 10/49 | €144,381 | €107,128 | -€37,253 | -25.8% |
| Equity | 10/15 | €117,639 | €87,144 | -€30,496 | -25.9% |
| Contributions | 10/11 | €4,600 | €4,600 | = | 0.0% |
| Reserves | 13 | €113,039 | €113,039 | = | 0.0% |
| Distributable reserves | 133 | €113,039 | €113,039 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€30,496 | -€30,496 | |
| Amounts payable | 17/49 | €26,742 | €19,984 | -€6,758 | -25.3% |
| Amounts payable after more than one year | 17 | €6,910 | €1,765 | -€5,145 | -74.5% |
| Financial debts | 170/4 | €6,910 | €1,765 | -€5,145 | -74.5% |
| Amounts payable within one year | 42/48 | €19,598 | €17,985 | -€1,613 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €4,925 | €5,145 | +€220 | +4.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €61 | €1,416 | +€1,355 | +2228.2% |
| Suppliers | 440/4 | €61 | €1,416 | +€1,355 | +2228.2% |
| Taxes, remuneration and social security | 45 | €12,021 | €7,488 | -€4,533 | -37.7% |
| Taxes | 450/3 | €10,067 | €5,535 | -€4,533 | -45.0% |
| Remuneration and social security | 454/9 | €1,953 | €1,953 | = | 0.0% |
| Other amounts payable | 47/48 | €2,591 | €3,937 | +€1,345 | +51.9% |
| Accrued charges and deferred income | 492/3 | €234 | €234 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,917 | €15,180 | +€1,263 | +9.1% |
| Other operating charges | 640/8 | €745 | €926 | +€181 | +24.3% |
| Gross operating margin | 9900 | €42,567 | -€15,256 | -€57,822 | |
| Operating profit (loss) | 9901 | €27,905 | -€31,362 | -€59,266 | |
| Financial income | 75/76B | €465 | €3,716 | +€3,252 | +699.7% |
| Recurring financial income | 75 | €465 | €3,716 | +€3,252 | +699.7% |
| Financial charges | 65/66B | €1,682 | €2,711 | +€1,029 | +61.2% |
| Recurring financial charges | 65 | €1,682 | €2,711 | +€1,029 | +61.2% |
| Profit (loss) for the period before taxes | 9903 | €26,687 | -€30,356 | -€57,044 | |
| Income taxes | 67/77 | €8,257 | €139 | -€8,117 | -98.3% |
| Profit (loss) for the period | 9904 | €18,431 | -€30,496 | -€48,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,431 | -€30,496 | -€48,926 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.